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Retail Investment Opportunity at 24012 Avenida De La Carlota

Retail Investment Opportunity at 24012 Avenida De La Carlota
FOR SALE
View more

$11,750,000

24012 Avenida De La Carlota, Laguna Hills, CA 92653

13,362 SF

Square Feet

$879

PPSF

6.02%

CAP

Property Description

NOI

$706,794

Cap Rate

6.02%

I-5 freeway fronting unanchored strip retail

Located immediately across the street from the Property, The Village at Laguna Hills will be redeveloped at an approximate cost of $1 billion and has emerged as Orange

County’s most exciting live/work/play destination. Currently owned by Merlone-Geier Partners, the property is the site of the former Laguna Hills Mall and is in the process of

being redeveloped into the submarket’s premier mixed-use, urban project consisting of retail, residential, office and hospitality. Once completed The Village at Laguna Hills

will be comprised of 250,000 square feet of retail, 1,500 luxury multifamily units, 465,000 square foot of office space, and 150 hotel keys. This transformational project should

continue to bolster demand for nearby retail centers by increasing traffic flows throughout the immediate area.


Property Details

Asset Type

Retail

Year Built

1993

Lot Size

41,891 SF

Submarket

Laguna Hills

ZIP

92653

Listing Type

sale


Offering Memorandum

Download

Net Operating Income (NOI)

$1,121,329

Debt Service Coverage Ratio (DSCR)

1.68x

Cap Rate

9.54%

Cash Flow (Annual)

$452,917

Cash-on-Cash Return

15.42%

Monthly Debt Service

$55,701

Annual Debt Service

$668,412

View on Map

Address

24012 Avenida De La Carlota

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Laguna Hills Retail Market Snapshot

Boundary boundary · Retail · Sale

No investors found in this market.

Contact the Listing Team

Patrick Toomey

Patrick Toomey

Executive Director

6 closed

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Jose Carrazana

Jose Carrazana

Senior Associate

3 closed

Call

Send a Message

Patrick Toomey

Patrick Toomey

Executive Director

6 closed

Call
Jose Carrazana

Jose Carrazana

Senior Associate

3 closed

Call